$VIRTUAL — Bears Fading? Watch the Supply Break 🔎📈

[theSignalyst]

$VIRTUAL has been sliding inside a descending channel since June. Price just bounced and is heading back into the red supply zone that overlaps the channel mid/top. This is where the next directional move is likely decided.

Key levels

Supply / Trigger: $1.20–$1.30 (red zone + channel top)

Support: $0.60–$0.70 (green demand base from April–May)

Read

Trend is still corrective while below the red zone.

A clean break & daily close above $1.30 would signal that bulls take over, opening room for an impulse.

Scenarios

Bullish : Reclaim $1.20–$1.30 (break → retest → hold) → continuation toward $1.55–$1.70, then $1.90+ if momentum accelerates.

Bearish : Fail at red and roll over → continuation inside the channel with risk of a deeper rotation toward the $0.60–$0.70 demand.

Plan
I’ll look for longs only on confirmation: either a strong breakout and retest above $1.30, or a deeper sweep into the green demand with a clear reversal signal.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
Stick to your trading plan regarding entries, risk, and management.

Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr.